Here are 1-3 brief analogies for Agilysys:

• Agilysys is like a **Salesforce for the hospitality industry**.
• Agilysys is like **SAP for large hotels, resorts, and casinos**.

• Agilysys PMS: Provides property management systems that enable hotels, resorts, and other hospitality venues to manage reservations, guest services, and back-office operations.
• Agilysys POS: Offers point-of-sale solutions for food and beverage operations, retail, and other transaction points within hospitality environments.
• Agilysys Inventory & Procurement: Delivers comprehensive software for managing inventory, purchasing, recipe costing, and vendor relationships for hospitality businesses.
• Agilysys Spa & Golf: Provides specialized management systems for spas, golf courses, and activity centers, handling bookings, scheduling, and member management.
• Agilysys ExperienceApps: Offers guest-facing mobile and online applications designed to enhance the guest experience through mobile check-in, ordering, and personalized communication.

Agilysys (AGYS) Major Customers

• Gaming & Casino Resorts: This includes large integrated casino resorts and gaming properties that utilize Agilysys's comprehensive property management (PMS), point-of-sale (POS), inventory, and other hospitality solutions.
• Hotels & Resorts: A wide range of properties, from independent luxury hotels to large chain resorts, are customers. They leverage Agilysys's PMS, POS, and other operational software to manage guest experiences, reservations, and food & beverage operations.
• Food & Beverage Venues: This category encompasses various dining establishments, including restaurants, bars, and catering operations, often integrated within hotels, resorts, casinos, or stand-alone high-volume food service operations that utilize Agilysys's POS and inventory solutions.
• Cruise Lines: Major cruise operators use Agilysys's specialized software for managing guest services, onboard transactions, and food & beverage operations across their fleet.
• Other Hospitality Venues: This can include universities, stadia, arenas, corporate dining facilities, and healthcare facilities that require sophisticated hospitality management software for their operations.

• Amazon.com, Inc. (AMZN)

Ramesh Srinivasan, President & Chief Executive Officer

Ramesh Srinivasan was appointed President and Chief Executive Officer of Agilysys in January 2017. He is an accomplished CEO with over 30 years of experience in technology and general management across multiple industries, with a strong track record of turnaround successes and sustainable long-term growth. Before joining Agilysys, he served as CEO of Ooyala Inc. and was previously President and CEO of Innotrac Corporation, an eCommerce Fulfillment Services provider that merged with eBay Enterprise. Prior to Innotrac, he spent nine years at Bally Technologies, Inc., where he was promoted to President & CEO and a member of the Board of Directors in December 2012.

Dave Wood, SVP & Chief Financial Officer

Dave Wood has been Agilysys' Chief Financial Officer since May 2020. He joined Agilysys in 2011 as the Controller of the Hospitality Division. He previously held roles as Vice President, Corporate Strategy & Investor Relations since June 2019, and Vice President – Finance. Before joining Agilysys, Mr. Wood was a Senior Manager at NCR and Radiant Systems, focusing on various Finance and Accounting functions.

Kyle C. Badger, SVP - General Counsel & Secretary

Kyle C. Badger joined Agilysys as Senior Vice President, General Counsel and Secretary in October 2011. Prior to Agilysys, he served as Executive Vice President, General Counsel and Secretary of Richardson Electronics, Ltd., a global distributor of electronic components, from 2007.

Sethuram Shivashankar, SVP, Chief Technology Officer and Chief Information Officer

Sethuram Shivashankar serves as Agilysys' Chief Information Officer and Chief Technology Officer. In this capacity, he is responsible for the company's technology infrastructure, digital platforms, and business applications. He brings over 28 years of leadership experience in technology companies across various industries.

Sridhar Laveti, SVP - Product Engineering & Customer Support

Sridhar Laveti joined Agilysys in April 2017. He is an accomplished executive with more than 25 years of demonstrated technology and general management leadership success across multiple industries. Before Agilysys, he was Senior Vice President of the Gaming Systems Business for Scientific Games, a lottery and gaming company, where he was responsible for overseeing R&D, Product Management, Services, and Support. Prior to Scientific Games, Mr. Laveti was with Manhattan Associates, a supply chain planning and execution software solutions company.

The aggressive market penetration by a new generation of cloud-native, API-first hospitality technology platforms poses a clear emerging threat. These competitors, such as Mews, Stayntouch, and Cloudbeds, are built from the ground up with modern architectures designed for superior flexibility, seamless integration with a vast ecosystem of third-party applications, and often offer a more agile, mobile-first user experience. This approach allows them to innovate faster, offer deeper interoperability, and potentially provide a more attractive total cost of ownership and customization options compared to traditional enterprise systems, even those that have migrated to the cloud. This architectural and ecosystem advantage enables these players to capture market share, particularly from properties seeking the most modern, interconnected, and customizable solutions.

Agilysys (AGYS) operates in the hospitality technology sector, providing a suite of software solutions and services to hotels, resorts, casinos, cruise lines, and food service operators globally.

The total addressable market (TAM) for Agilysys's hospitality solutions is estimated at approximately $16 billion. This expanded TAM reflects the inclusion of numerous add-on modules that effectively compete on a best-of-breed basis.

Within this broader market, more specific addressable market sizes include:

• AI Integration in Hospitality Technology Platforms: The market estimated for AI integration potential in hospitality technology solutions is around $12.3 billion.
• Contactless Payment Solutions for the Hospitality Sector: This market is projected to reach $7.6 billion by 2025.
• Property Management Systems (PMS) Market: In 2022, the PMS market was valued at approximately $4.4 billion and is expected to almost double to about $8 billion by 2030, representing a Compound Annual Growth Rate (CAGR) of approximately 8.1%. The North American PMS market specifically is anticipated to grow at a CAGR of 7.7%.

Agilysys has a market presence across North America, Europe, the Middle East, and Asia-Pacific, indicating that these market sizes are relevant to their global operations.

Agilysys (AGYS) is anticipated to drive future revenue growth over the next two to three years through several key strategies:

1. Accelerated Subscription Revenue Growth and Cloud-Native Solutions: Agilysys is strategically shifting its business model towards a higher-margin, recurring subscription and maintenance revenue model. The company has consistently reported significant year-over-year increases in subscription revenue, with subscription-based solutions becoming a substantial portion of total recurring revenue. This growth is fueled by strong demand for its cloud-native hospitality software ecosystem and the ongoing migration of the hospitality industry to cloud technology.
2. Expansion into International Markets: Agilysys is experiencing robust sales growth in international regions, particularly in EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific). This global diversification is broadening the company's customer base and is expected to continue contributing to revenue growth as demand for cloud-based solutions accelerates in these markets.
3. Growth in New Customers and Deeper Penetration within Existing Accounts: The company is consistently adding new customers and properties, with many new properties opting for subscription-based licenses. Agilysys is also seeing existing customers expand their use of its product ecosystem by purchasing additional modules and services, leading to an increase in the average number of products per customer property.
4. Product Modernization, Innovation, and AI Integration: Ongoing investments in product development, particularly in modernizing its cloud-native software modules like Property Management Systems (PMS) and Point-of-Sale (POS) products, are enhancing Agilysys's competitive position. The integration of AI technologies into its product lines is also highlighted as a key factor in improving guest personalization, operational efficiency, and driving sales.
5. Enhanced Sales and Marketing Effectiveness: Agilysys has been focusing on improving the productivity of its sales organization, including expanding its sales teams and implementing more effective digital marketing strategies. These efforts are leading to increased sales momentum and a greater reach to prospective customers.

Share Repurchases

• Share repurchases were primarily made to satisfy employee tax withholding on share-based compensation.
• In fiscal year 2021, these repurchases amounted to $7.5 million.
• For the first quarter of fiscal year 2025, repurchases for tax withholding were $0.925 million, compared to $1.783 million in the comparable prior-year period.

Share Issuance

• In fiscal year 2021, Agilysys received $34.0 million in preferred stock issuance proceeds from an investment by MAK Capital, net of issuance costs.

Inbound Investments

• In fiscal year 2021, MAK Capital made an investment in Agilysys, which resulted in $34.0 million in preferred stock issuance proceeds.

Outbound Investments

• On August 20, 2024, Agilysys acquired Book4Time, a spa management SaaS solution company, for approximately $150 million USD in an all-cash transaction.
• A portion of the Book4Time acquisition was funded by adding $50 million in debt.
• On December 16, 2021, Agilysys acquired ResortSuite.

Capital Expenditures

• Capital expenditures were -$2.11 million in the last 12 months as of October 2025.
• For the first quarter of fiscal year 2026, capital expenditures were $0.633 million, following $0.869 million in the first quarter of fiscal year 2025.
• The company has made extensive R&D investments over the past several years, primarily focused on reengineering its entire product line to be cloud-native and expanding its hospitality software solutions.